Zacks Research Lifts Earnings Estimates for Las Vegas Sands

Key Points

• Zacks Research raised Las Vegas Sands’ FY2028 EPS estimate slightly to $3.74 from $3.73, while maintaining a “Hold” rating. Analysts’ current full-year consensus EPS estimate is $3.09.
• Las Vegas Sands shares opened at $35.81, near their 12-month low of $35.69 and well below the 50-day and 200-day moving averages. Analysts collectively hold a “Moderate Buy” rating with a consensus price target of $59.84.
• The company’s latest quarterly results missed expectations, with EPS of $0.59 versus $0.76 expected and revenue of $3.15 billion versus $3.31 billion estimated. Las Vegas Sands pays a quarterly dividend of $0.30 per share, representing a 3.4% annualized yield.

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Research analysts at Zacks Research raised their FY2028 EPS estimates for Las Vegas Sands in a report released on Tuesday, October 6th. Zacks Research analyst Team now expects that the casino operator will post earnings per share of $3.74 for the year, up from their previous forecast of $3.73. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Las Vegas Sands' current full-year earnings is $3.09 per share.

LVS has been the subject of a number of other research reports. Susquehanna lowered their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands from $64.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company lowered their price objective on Las Vegas Sands from $53.00 to $48.00 and set an "equal weight" rating for the company in a research report on Monday, July 27th. Seaport Research Partners dropped their price objective on Las Vegas Sands from $69.00 to $59.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Finally, Stifel Nicolaus lowered their target price on shares of Las Vegas Sands from $74.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.84.

Las Vegas Sands Price Performance

Shares of LVS opened at $35.81 on Thursday. The firm has a market capitalization of $23.20 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.89 and a beta of 0.78. The firm's fifty day simple moving average is $43.13 and its 200-day simple moving average is $48.00. Las Vegas Sands has a twelve month low of $35.69 and a twelve month high of $70.45. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm earned $0.66 EPS. The company's revenue was down .7% on a year-over-year basis.

Institutional Trading of Las Vegas Sands

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. raised its position in shares of Las Vegas Sands by 13.9% in the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator's stock worth $93,000 after acquiring an additional 245 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Las Vegas Sands by 0.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 92,093 shares of the casino operator's stock valued at $4,921,000 after purchasing an additional 331 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Las Vegas Sands by 73.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator's stock valued at $48,000 after purchasing an additional 375 shares in the last quarter. Janus Henderson Group PLC grew its stake in Las Vegas Sands by 1.0% during the first quarter. Janus Henderson Group PLC now owns 40,491 shares of the casino operator's stock worth $2,132,000 after purchasing an additional 397 shares during the period. Finally, Parallel Advisors LLC grew its stake in Las Vegas Sands by 7.2% during the first quarter. Parallel Advisors LLC now owns 5,988 shares of the casino operator's stock worth $323,000 after purchasing an additional 403 shares during the period. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. Las Vegas Sands's dividend payout ratio is presently 46.69%.

About Las Vegas Sands

Las Vegas Sands Corp. NYSE: LVS is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company's properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.